NZ dollar heads for 0.6% gain this week as US jobs report awaited; RBNZ looms

Fri, 05 Jun 2015

By Paul McBeth June 5 (BusinessDesk) - The New Zealand dollar is heading for a 0.6 percent gain this week as investors wait for upcoming US employment figures to gauge whether the Federal Reserve will hike interest rates this year, and ahead of next week's local monetary policy review. The kiwi rose to 71.40 US cents at 5pm in Wellington from 71 cents on Friday in New York last week. It traded at 71.14 cents at 8am, and 71.30 cents yesterday. The trade-weighted index was little changed at 74.69 from 74.73 last week, and up from 74.48 yest...

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